| The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement. | FASB simplifies revenue rules for franchises | | By Michael Cohn 2 min read | | The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement. | |
| U.S. vaccine agency diverted funds for other uses, watchdog says | | By Gregory Korte 2 min read | | U.S. officials responsible for preparing for a pandemic routinely raided funds for public health emergencies, diverting money from vaccine development to pay for other projects at the U.S. Department of Health and Human Services, a federal watchdog said Wednesday. | |
| IRS offers option when PPP loan forgiveness is denied | | By Michael Cohn 4 min read | | Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package. | |
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